Nisa Investment Advisors LLC Cuts Stake in Highwoods Properties, Inc. (NYSE:HIW)

Nisa Investment Advisors LLC reduced its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,414 shares of the real estate investment trust’s stock after selling 20,789 shares during the period. Nisa Investment Advisors LLC’s holdings in Highwoods Properties were worth $1,158,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HIW. Norges Bank purchased a new stake in Highwoods Properties during the 4th quarter worth approximately $33,512,000. Vanguard Group Inc. grew its holdings in Highwoods Properties by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 17,371,014 shares of the real estate investment trust’s stock worth $358,017,000 after acquiring an additional 1,139,688 shares in the last quarter. Franklin Resources Inc. grew its holdings in Highwoods Properties by 316.6% during the 1st quarter. Franklin Resources Inc. now owns 1,161,393 shares of the real estate investment trust’s stock worth $26,933,000 after acquiring an additional 882,638 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Highwoods Properties by 4,897.7% during the 1st quarter. Balyasny Asset Management L.P. now owns 843,120 shares of the real estate investment trust’s stock worth $19,552,000 after acquiring an additional 826,250 shares in the last quarter. Finally, State Street Corp grew its holdings in Highwoods Properties by 14.0% during the 1st quarter. State Street Corp now owns 6,343,699 shares of the real estate investment trust’s stock worth $290,161,000 after acquiring an additional 781,475 shares in the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on HIW shares. Morgan Stanley boosted their price target on shares of Highwoods Properties from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, March 28th. Robert W. Baird boosted their price target on shares of Highwoods Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Highwoods Properties in a report on Tuesday, January 30th. They set a “buy” rating and a $28.00 price target for the company. Finally, Truist Financial upped their target price on shares of Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.38.

Highwoods Properties Trading Down 1.4 %

Shares of Highwoods Properties stock opened at $24.13 on Tuesday. The company has a fifty day simple moving average of $24.43 and a 200-day simple moving average of $22.04. Highwoods Properties, Inc. has a 12-month low of $17.06 and a 12-month high of $26.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.33. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 17.36 and a beta of 1.23.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date of this dividend was Friday, February 16th. Highwoods Properties’s dividend payout ratio is currently 143.89%.

Highwoods Properties Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.